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EcoHoist publishes case study for brownfield underground mine expansion

Published by , Editor
Global Mining Review,


EcoHoist has completed a comprehensive case study demonstrating the  financial and environmental benefits of its product as a vertical material transport solution for underground mines.

With Mining One consultants providing an overview, the case study was completed in conjunction with ABB Hoisting Australia.

The case study compares three scenarios for a hypothetical underground gold mine producing 1 million tpy of ore from a depth of 500 m. Replacing most of the diesel haul trucks from the base case with an EcoHoist results in a 23% internal rate of return (IRR). In addition, removing most of the trucks from the site leads to a reduction in carbon dioxide emissions of 133 000 t over the life of the mine. Another EcoHoist scenario increases the mine’s production rate by 25%, which yielded an IRR of 167% and reduced carbon dioxide emissions by 101 000 t over the mine life.

The full case study can be requested here.

“This case study considers a hypothetical underground mine which based on a composite of parameters from real-world operating mines around Australia. The compelling financial and environmental outcomes are representative of what can be delivered from mines globally”, said Matthew Forrest, EcoHoist’s Managing Director.

The EcoHoist will accelerate the decarbonisation of underground mining operations, delivering substantial financial returns and contributing to a more safe and sustainable future.

Read the article online at: https://www.globalminingreview.com/finance-business/22082024/ecohoist-publishes-case-study-for-brownfield-underground-mine-expansion/

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Australian mining news Mining equipment news